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Tue September 17, 2013
Kentucky Makes Some Money Back on Defunct Fuel Lab Equipment
Kentucky made back most of the money spent on equipment for the Department of Agriculture's now-defunct fuel lab in an auction today.
Division of Surplus Property Director Danny Ford says total bids exceeded $1.8 million this afternoon. The state originally paid about $2 million for the equipment. Bids came in low Monday but increased as the auction’s close neared.
Ag Commissioner James Comer closed the fuel lab earlier this year, saying it was a waste of money. He declared the equipment surplus so it could be sold.